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      08-13-2014, 05:17 PM   #23
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      08-13-2014, 06:25 PM   #24
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      08-13-2014, 06:34 PM   #25
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      08-13-2014, 06:49 PM   #26
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If you have no debts and $10 in your pocket, you have more wealth than 25% of Americans
I bet that's closer to 50%
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      08-13-2014, 07:33 PM   #27
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Apparently the high oil content allows them to burn for some time.
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      08-13-2014, 07:37 PM   #28
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      08-13-2014, 07:50 PM   #29
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      08-13-2014, 07:59 PM   #30
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Quote:
Originally Posted by BayMoWe335 View Post
I bet that's closer to 50%
Yeah I've seen figures that range from 25% to 50%, but I've become somewhat disillusioned with aggregate wealth statistics. I've spent a lot of time trying to find well-defined, reliable statistics on wealth in America and I've come up with numbers all over the place.

Income thresholds are usually very well defined. The following table describes thresholds to be in the top 10%/5%/etc. of U.S. income earners with or without realized capital gains in 2009 -



That's data directly from the IRS. I think it's fascinating how the percentage of income received through realized capital gains skyrockets once you go from the top .1% to the top .01%.


But, it's incredibly difficult to find similar thresholds (note: not averages) for net worth. One table suggests that the average net worth of the top 1% peaked at $19.2 million in 2007, but that figure is greatly influenced by outliers in the top .01%. The federal reserve has data that suggests that the threshold to enter the top 5% of net worth in the U.S. is a shade over $1.56M which sounds pretty reasonable, but they don't have data beyond that, and that figure is derived from the observation that the "median" net worth of the top 10% is $1.56M (read more here)
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      08-13-2014, 08:12 PM   #31
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What's more common than the F-Word? 'Huh' is the same in pretty much every language

I know you said 'huh' when you read that.
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      08-13-2014, 09:04 PM   #32
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      08-14-2014, 10:36 AM   #33
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Here's one .... here's one... ( i bet non of you know this)
But did you know that lightning never strikes the same place twice.
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      08-14-2014, 10:38 AM   #34
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Originally Posted by Whostheboss View Post
Here's one .... here's one... ( i bet non of you know this)
But did you know that lightning never strikes the same place twice.
lol
and even less known fact is that that is wrong!
http://www.nasa.gov/centers/goddard/...lightning.html
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      08-14-2014, 10:41 AM   #35
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Quote:
Originally Posted by NemesisX View Post
Yeah I've seen figures that range from 25% to 50%, but I've become somewhat disillusioned with aggregate wealth statistics. I've spent a lot of time trying to find well-defined, reliable statistics on wealth in America and I've come up with numbers all over the place.

Income thresholds are usually very well defined. The following table describes thresholds to be in the top 10%/5%/etc. of U.S. income earners with or without realized capital gains in 2009 -



That's data directly from the IRS. I think it's fascinating how the percentage of income received through realized capital gains skyrockets once you go from the top .1% to the top .01%.


But, it's incredibly difficult to find similar thresholds (note: not averages) for net worth. One table suggests that the average net worth of the top 1% peaked at $19.2 million in 2007, but that figure is greatly influenced by outliers in the top .01%. The federal reserve has data that suggests that the threshold to enter the top 5% of net worth in the U.S. is a shade over $1.56M which sounds pretty reasonable, but they don't have data beyond that, and that figure is derived from the observation that the "median" net worth of the top 10% is $1.56M (read more here)
So if you make $155K a year, you're top 5%? That's scary since $155K doesn't seem like that much anymore...
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      08-14-2014, 10:44 AM   #36
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Quote:
Originally Posted by 954Stealth View Post
lol
and even less known fact is that that is wrong!
http://www.nasa.gov/centers/goddard/...lightning.html
Yea i know it's wrong. It's been proven otherwise.
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      08-14-2014, 10:49 AM   #37
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90% of Americans live within 15 minutes of a Walmart
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      08-14-2014, 10:50 AM   #38
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In 2008, a beach was stolen from Jamaica...
To this day, no one knows where the 500 truckloads of sand ended up.



http://news.bbc.co.uk/2/hi/americas/7678379.stm
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      08-14-2014, 10:53 AM   #39
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90% of Americans live within 15 minutes of a Walmart
90% of people hate Walmart.
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      08-14-2014, 10:59 AM   #40
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Quote:
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90% of people hate Walmart.
That means you hate America
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      08-14-2014, 11:03 AM   #41
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That means you hate America
No no! I like America. I just don't like Walmart, especially the people that shop there.
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      08-14-2014, 11:06 AM   #42
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No no! I like America. I just don't like Walmart, especially the people that shop there.
For me it can be like going on a Safari...quite entertaining
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      08-14-2014, 11:07 AM   #43
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For me it can be like going on a Safari...quite entertaining
My wife is American and her parents live in a small town in Texas. They have a Walmart there and just walking around there is the best people watching in the world.
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      08-14-2014, 11:12 AM   #44
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Quote:
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My wife is American and her parents live in a small town in Texas. They have a Walmart there and just walking around there is the best people watching in the world.
I prefer to do my people watching at nice beaches or ski areas. The people tend to be better looking.
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